South Africa's ANC: Futuregrowth's view on state firms "erroneous"
JOHANNESBURG, Sept 1 (Reuters) - South Africa's ruling party said on Thursday it was concerned by asset manager Futuregrowth's decision to halt lending to state-owned firms and it was "erroneous" to conclude that the companies were beset by corporate governance problems.
Futuregrowth on Wednesday said it would no longer lend to six state-owned firms, including Eskom and Transnet , citing political uncertainty in the face of a corruption investigation around Finance Minister Pravin Gordhan. (Reporting by James Macharia; Editing by Louise Ireland)
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